News Releases

Triumph Group Announces the Sale of Fabrications Business to Arlington Capital Partners, Advancing Transformation Plan

January 28, 2019 at 5:30 PM EST

BERWYN, Pa.--(BUSINESS WIRE)--Jan. 28, 2019-- Triumph Group, Inc. (NYSE:TGI) announced today a definitive agreement to sell Triumph Fabrications to Arlington Capital Partners. The operations included in the agreement are in Fort Worth, Texas; Hot Springs, Arkansas; Phoenix, Arizona; San Diego, California; and Shelbyville, Indiana.

“With the sale of our Fabrications businesses, Triumph continues to execute on our transformation plan by streamlining our portfolio and exiting legacy build-to-print, contract manufacturing businesses to generate shareholder value,” said Dan Crowley, Triumph Group President and CEO. “Today’s announcement to divest non-core businesses such as Triumph Fabrications advances our strategy to focus on areas of growth and value creation, such as our Integrated Systems and Aftermarket businesses, while reducing our footprint and eliminating excess capacity and fixed costs. Importantly, we believe Arlington Capital Partners will make the necessary investments into the Fabrications business to accelerate its growth as a more focused operation.”

Triumph Fabrications consists of four independent companies, which operate in five locations throughout the US. These sites encompass more than 1 million square feet of factory space dedicated to the aerospace industry by supporting complex sheet metal components and assemblies for fixed wing and rotorcraft platforms. The businesses offer forming, assembly and special processing solutions such as stretch, hydro, titanium hot/super plastic forming, bonding, bulge and drop hammer forming as well as chemical milling, welding, auto riveting, titanium Sol-Gel, anodizing and other coating processes. Combined, the businesses generated revenues of approximately $150 million during Triumph Group’s fiscal year ended March 31, 2018.

Since 2016, Triumph has divested 10 non-core businesses, including today’s announcement, as part of its transformation efforts to de-lever the company, enhance margins and position the company for long-term success.

The transaction is subject to customary closing conditions and is expected to close in the next few months. Following the close of the transaction, the business will retain its management, technical and supporting staff, and will continue operations at the current facilities.

Lazard acted as exclusive financial advisor to Triumph on the transaction.

About Triumph Group:

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

More information about Triumph can be found on the company’s website at http://www.triumphgroup.com.

About Arlington Capital Partners:

Arlington Capital Partners is a Washington, D.C.-area private equity firm that has managed $2.2 billion of committed capital via four investment funds. Arlington focuses on middle market investment opportunities in growth industries, including: aerospace/defense, government services and technology, healthcare, and business services and software. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company's position as leading competitors in their field. www.arlingtoncap.com

Source: Triumph Group, Inc.

Contacts:
Michele Long
Senior Director – Communications
Phone (610) 251-1000
mmlong@triumphgroup.com

Michael Pici
VP – Financial Planning & Investor Relations
Phone (610) 251-1000
mpici@triumphgroup.com

Arlington Capital Contacts:
Peter Manos and Bilal Noor
Arlington Capital Partners
5425 Wisconsin Ave
Chevy Chase, MD. 20815
(202) 337-7500